.... . Prudential's survey of more than 1,000 people suggests that home owners in Northern Ireland and the East of England are particularly likely to expect to downsize their property, while those living in London, Scotland and the West Midlands are the least likely to sell up and move somewhere smaller. ...

....The Resolution Foundation’s analysis found that alongside an increase in the number of people with additional property, the average value of assets held in these properties has grown by 20% in real terms between 2000-02 and 2012-14. Laura Gardiner, a senior policy analyst at the Resolution Foundation, said second-home owners tended to be baby boomers living in the south and east of England, who were very wealthy compared with their peers. ...

.... Half the buy-to-let transactions in the UK are accounted for by London, and these have fallen sharply since the introduction of new stamp duty rules in April 2016. The previous jump in prices in the years leading up to the EU referendum had meant home ownership was simply too expensive for those working in the capital, so some form of market correction was inevitable. ...

....The prospect of paying thousands of pounds in stamp duty discourages people from moving and has steadily helped drain fluidity from the market. Older home owners who wish to downsize, freeing up housing for younger families, are more likely to stay put when faced with the levy. ...

.... But under Blair, seemingly more consensual and less dogmatic, the extending of markets into ever more areas of everyday life was presented as unavoidable, or simply practical: “what works”. The British housing market was thriving, with home ownership reaching an all-time high in 2003. ...

....When you are a victim of this country’s housing crisis – and heaven knows there are millions of us – it can be hard to decide with whom to be most angry. Is it the successive governments who have failed to make home ownership an achievable ambition for much of my generation? The foreign investors who ramp up prices but leave their properties empty and unloved? The tenancy management companies that fail to listen to tenants’ concerns about safety and living conditions? The MPs who, because so many of them are buy-to-let landlords, won’t do anything to help those of us stuck in expensive rented accommodation?. ...

....It might be simpler to base policy on a person’s economic circumstances, rather than on the kind of person they are. It’s as if, instead of intervening in the market enough to level the playing field (for example, taxing landlords and second-home owners heavily or giving renters proper rights), we’d rather tilt the playing field at such an angle that most people can’t even walk on it, then allow a few to be handpicked and placed strategically. ...

....It added that the year running up to last month’s general election had seen weaker wage growth, higher inflation and frozen welfare benefits and that these offset any gains from rising employment. Groups that strongly supported Labour in the election – those aged under 35 who have been frozen out of home ownership by low wages and high prices – have fared particularly badly. ...

....The report examined the impact of financial advice on two groups, the “affluent” and the “just getting by”. The affluent group comprised wealthier people who were more likely to have degrees, be part of a couple, and be home owners. ...

....The UK needs at least 300,000 new homes a year to keep up with the growth, yet new builds totalled just 162,880 in the year to March 2017, a year-on-year rise of 15 per cent, but still far short of the number required. Legal & General Mortgage Club director Jeremy Duncombe says the aim is to bring house price growth in line with wage inflation: “More affordable housing needs to be built to give first-time buyers a better chance of achieving home ownership. ...

....3tn windfall for those lucky enough to own their own homes during the property boom of the 1990s and early 2000s has opened up a deep and widening inequality gap between the generations, a thinktank has warned. Rising house prices that have enriched older generations have priced the young out of home ownership, said the Resolution Foundation, adding that the pattern whereby each generation was wealthier than the previous one had broken down. ...

....As Torsten Bell, director of the Resolution Foundation, wrote following the vote, a bleak vision of young people’s future was brought into sharp focus by the election campaign. “In the past two decades, young people have seen the dream of home ownership pushed further out of reach – the number of young families owning their own home has halved since the 1990s in places as far-flung as Bristol, Manchester and Leeds. ...

....Critics have dubbed it dementia tax, claiming it unfairly discriminates against the elderly who have long sustaining illness and need care. Only those with less than £100,000 in assets will receive free care, which is set to exclude the vast majority of home owners. ...

.... It’s beyond my capacity to cope with any of it,” she told me as we sat in her office. For the past 30 years, Britain’s economy and culture have been built on the Conservative ideal of home ownership. ...

....The so-called 'Bank of Mum and Dad' is now contributing to more than a quarter of property sales, according to research. But handing over lump sums of cash isn't the only option for parents who want to help offspring into home ownership. ...

.... . This is a move away from traditional ideas about home ownership, where someone would have bought their first home aged in their 20s, traded up in their 30s and 40s, paid off their debt in their 50s and 60s and entered their older age mortgage-free. ...

.... When the inevitable happens, there is a danger that those who took advantage of this deal may find their equity wiped out – and the rate they’re paying will shoot through the roof. That would obviously be very sad for those who are affected; for those shut out of home ownership, though, it may be no bad thing. ...

....Similarly, the Local Government Association reported in December that just 20% of those aged 25 own their own property, compared with 46% two decades ago. The lower home ownership rate doesn't just explain why young adults have lower wealth now. ...

. Almost half of 35-54 year olds say property will act as a pension, despite more than a fifth not being home owners, according to research from the Pensions and Lifetime Savings Association (PLSA). ...

.... Germany has done just fine, even though it has a far bigger rented sector than Britain and has had much lower levels of house price inflation. Research by Andrew Oswald and Danny Blanchflower shows rising home ownership leads to a subsequent increase in unemployment, because owner occupation affects labour mobility, increases congestion costs and encourages Nimby-style behaviour that means fewer new businesses. ...

....He should also consider that those alluring US financial products, which have so afflicted America’s export sector, have sometimes been pie in the sky rather than legitimate investment opportunities. Both Jimmy Carter and Bill Clinton prompted brokers with their Community Reinvestment Act to help the US poor achieve home ownership by means of generous loans, even though it was clear from the outset that many of these borrowers would never be able to repay the money. ...

....“It is welcome that the government recognises the growing problem people face in getting on the housing ladder,” said Milburn, who was a Treasury and health minister in Tony Blair’s governments. “A major national effort is needed to expand opportunities for home ownership and will require more radical action on housing supply. ...

....It blamed the increase on government policies that mean customers subsidise energy from renewable sources and the cost of smart meter installation. Other government-imposed costs include subsidising the feed-in tariff scheme for home owners that install solar panels on their roofs. ...

....Nevertheless, regardless of the party politics, we will have to grasp the nettle on this one. Centre-left fiddling, and pretending that we can both raise prices for home owners and lower prices for those who need a home, has left marginalised young people vulnerable to rightwing cuts. ...

.... “Over the longer term, I am anxious how my pension will be affected and if my investments will drop in value. I also worry that the financial landscape may look very different once my children are older and have to make decisions about further education, home ownership or starting their own families. ...

....Government data reveals that the private rented sector has doubled in size since 2004, with almost half of all people in England aged 25 to 34 paying a private landlord for their accommodation. Ministers recently admitted England’s housing market was “broken”, with home ownership a distant dream for millions. ...

....There the average price of a new home was £206,950. Second worst was south-west England, where 89% of people were pushed out of home ownership by price, and third is the East Midlands, where 87% could not afford the average £215,000 price tag. ...

.... Now, in the words of one association chief executive, they’ve been “formally rehabilitated”. Javid’s white paper , represents a welcome if tacit admission that the Cameron government failed to address the reality of that broken market, – worse, by subsidising home ownership, it pumped up prices – but remedies are short. ...

....Borrowers were typically 37 years old, showed data from the trade organisation. On the other hand, re-mortgage activity in London was up last year, as home owners took advantage of cheap mortgage rates. ...

....However, rates could be about to creep back up if market signals are to believed, meaning now could be a good time for consumers to lock into a deal. Longer mortgage fixes can provide more certainty for home owners, but it's important to look at any early repayment costs, which may need to be paid amid a house move. ...

.... Over the same 42 years, the American economy grew by more than 200%, or a staggering $11tn. For millions of average Americans, the reasonable expectations of their youth – a steady job, home ownership, college education for their children – have degraded into decades of stagnation, even as they have been continuously bombarded by news of the overall growth and prosperity of the US economy. ...

.... But remember this: back in the 80s, a mortgage was two-and-a-half times annual incomes, not eight to 10 times as it is now. Consequently home ownership was a natural stage in life: those who could bought and those who couldn’t rented one place for ever. ...

....He told ITV’s Peston on Sunday that the government’s white paper on housing would aim to break the dominance of a handful of large developers, and instead see more involvement for small builders, as well as councils and housing associations. The document would also pave the way for a “change of tone” in which the Tories would turn their attention to the millions of people locked out of home ownership who instead need affordable and secure rents. ...

. A major shift in Tory housing policy in favour of people who rent will be announced by ministers this week as Theresa May’s government admits that home ownership is now out of reach for millions of families. ...

....This report is yet another brutal reminder that Britain is going backwards. The IFS concludes: “Today’s young adults will find it harder to accumulate wealth of their own than previous generations did, due to the sharp fall in home ownership, the dramatic decline in defined benefit pensions in the private sector, and the stagnation in household income. ...

....But those likely to benefit the most are those who are already well off, or who already benefit from high incomes, the independent think-tank said. According to the research, the richest half of elderly households hold 90% of the wealth, largely as a result of increasing home ownership and rising house prices. ...

....The Institute for Fiscal Studies (IFS) found that today’s young people were likely to inherit more wealth than their predecessors but the benefits would be skewed to those who were already well off. The study concluded that inequality was likely to increase and social mobility hindered as pensioners bequeathed the wealth they had accumulated as a result of rising home ownership and property-price inflation. ...

....Archer added that house prices were likely to be flat in 2017 overall. However, there were signs from the BBA report that existing home owners took advantage of the Bank of England’s decision to cut interest rates in August to a record low of 0. ...

....Barely half of all families in Britain own their own home, research highlighting the extent of the rise of generation rent shows. A study by the Resolution Foundation thinktank has shown that official figures have exaggerated home ownership, which has been in steady decline since 2002. ...

....Home ownership in the UK is overestimated by conventional data, with many more renters than the figures suggest, a think tank has suggested. The official estimate of a 64% home ownership rate was too high, the Resolution Foundation said, as many people shared or owners had lodgers. ...

....The DoJ typically installs monitors – a lawyer or housing expert – to police the terms of the customer relief. The banks involved in the DoJ settlements do not necessarily have direct relationships with the home owners but have packaged up their loans to back the bonds. ...

....The LGA, which represents more than 370 councils in England and Wales, said more homes for affordable or social rent are needed to allow people to save up for a deposit and get on the housing ladder. The LGA’s housing spokesman, Cllr Martin Tett, said: “Our figures show just how wide the generational home ownership gap is in this country. ...

.... But the lending market was bolstered by the amount of remortgage activity which hit its highest level since January 2009. The data was seized upon as evidence that the EU referendum in June had dented confidence and a sign that home owners were responding to the Bank of England’s rate cut to 0. ...

.... "This comes as our latest market monitor shows tumbling transactions, viewings and properties coming onto the market across London – in part due to the stamp duty surcharge but largely due to the government’s farcical vendetta against buy-to-let landlords, which has sent the lettings market crumbling. "The government must look at the bigger picture and stop concentrating on new ways to punish landlords, and instead turn their attention to more pressing needs such as housebuilding and home ownership. ...

.... The tenure of the homes being built has also shifted. The 32,110 affordable homes delivered in 2015-16 comprised 6,550 social rent, 16,550 affordable rent and 9,010 affordable home ownership, shared ownership and intermediate rent. ...

....The money, which the Treasury said was new cash, will be spent through two funds: one providing money for infrastructure projects to make sites viable for building, the other providing money for affordable homes. Philip Hammond said the government had made good progress, with the number of new homes being built last year hitting an eight-year high, but “for too many, the goal of home ownership remains out of reach”. ...

....". He described the scrapping of tenant and letting fees as "a victory for Labour campaigning", but said home ownership was still "a dream" for the under 25s because fewer houses had been built under the Conservatives since the 1920s. ...

....Mr Hammond made similar sounds on BBC One's Andrew Marr Show on Sunday, saying he would support people "who work hard and by and large do not feel that they are sharing in the prosperity that economic growth is bringing to the country". The Resolution Foundation says home ownership among the "just managing" fell from 59% in 1995 to 26% last year, meaning that many more face paying rent into old age. ...

.... Every person in Britain has a credit score, yet only one in 10 people know their rating, according to Amigo. Mr Crawford added: "What’s really worrying is that people could be inadvertently destroying their own credit score, and as a result may be closing the door on life dreams like home ownership. ...

....”. The rate of second-home ownership in the five parishes is among the highest in the country, with buyers drawn by the idyllic setting, the proximity to cities such as Plymouth, and comparatively low prices. ...

....Last week saw several heavyweight reports into Britain’s housing crisis. The Redfern review, detailing the catastrophic slump in home ownership, told us how real house prices have jumped 151% since 1996, while real earnings have risen only about a quarter as much. ...

....Because of that, Luke Murphy believes CLTs which link prices directly to wages could really catch on. "Yes, you will forego the increase in your own assets, but it does bring the other benefits of home ownership: security, being able to put down roots in your own community, and control over your environment. ...